文档介绍：Management Decision Making and Reports Chapter 14
Management Decision
Making and Reports
Chapter 14
Overview
anizations face resource allocation problems1>.
These problems are solved through managerial decision making.
The power to make decisions is delegated to managers within anization.
Learning Objectives
Describe in detail the nature of management decisions.
Elaborate on the types of decisions that managers make.
Describe various reports used for management planning and control.
Describe various types of reporting systems.
Learning Objective 1
Describe in detail the nature of management decisions.
Planning and Control
Planning and control are fundamental mon to all managers.
Managers make decisions relating to a wide range of activities such as the following:
organizing tasks to pleted and delegating the necessary authority to carry out these tasks
Planning and Control
acquiring the necessary resources to carry out the desired tasks
allocating the acquired resources to their respective tasks and determining their appropriate use
coordinating and supervising employees
monitoring the activities of pany and the e of particular tasks
Decision Making
All planning and control activities involve decision making.
The main contribution a manager makes to pany is that of decision making.
Decision making is a process.
Phases of the Decision-Making Process
Define
the
Problem
Identify
the Relevant
Alternatives
Evaluate
Each
Alternative
Select the
Best
Alternative
Implement
the Selected
Alternative
Follow Up
with Analysis
and Control
Learning Objective 2
Elaborate on the types of decisions that managers make.
Useful Information for Planning and Control
Information differs from data in that information is useful to the decision maker, where data are not.
The usefulness of es from its impact on the manager’s beliefs regarding events relevant to the decision process.
Useful Information for Planning and Control
Information us